I started looking into utility companies as an investment vehicle for steady dividend income. Utilities historically have been viewed as "safe" investments and are deemed an essential service even in the midst of a pandemic. Global Water Resources (GWRS) came to my attention as a potential income-generating investment. The company has an interesting "bull case" as it pays a decent dividend and is in a growing geographic area. However, after my due diligence, I determined that this is a stock to skip.
Just a brief background on the company, Global Water Resources is